In an article published on August 16, Axios' Courtenay Brown lays out some reasons why so many Americans are feeling "gloomy" about the economy.
New: As Trump's approval rating slips, his signature tariffs and tax bill face more opposition than support among the public. Most also disapprove of the administration's handling of information related to the Epstein investigation -- including 53% of Republicans. www.pewresearch.org/politics/202 ...
-- Gabe Borelli (@gabrielborelli.bsky.social) Aug 14, 2025 at 2:15 PM
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From the sub-summary ...
... As Trump's approval rating slips, his signature tariffs and tax bill face more opposition than support among the public. ...
I just paid $22.99 for a canister of coffee that used to cost me $9.99 ($7.99 on sale).
US Roasters Shun Coffee From Brazil After 50% Tariffs Kick In
finance.yahoo.com
... American coffee buyers are shunning fresh deals with top grower Brazil after President Donald Trump's 50% tariff took effect this month.
Companies are avoiding new contracts and looking for wiggle room in existing ones to avoid having to pay the higher levies, according to a dozen brokers, roasters and exporters contacted by Bloomberg. Some US buyers are asking for extended shipping timelines in the hopes that tariffs may be eased later, according to Brazil's exporter group Cecaf.
Deals between the US and Brazil have "totally stalled," said coffee broker Thiago Cazarini. "No one's really buying anything."
About a third of America's unroasted coffee typically comes from Brazil, a country Trump has been immersed in a trade conflict with, in part due to what he calls the "politically motivated persecution" of former Brazilian President Jair Bolsonaro. A political ally of Trump's, Bolsonaro faces trial for an attempted coup against the government of President Luiz Incio Lula da Silva, who defeated Bolsonaro in a 2022 election.
Trump first announced 10% tariffs on Brazil and other countries in April, before imposing 50% levies on the South American agricultural power that kicked in on Aug. 6. ...
Placing tariffs on Brazil is odd because the US had a trade surplus with Brazil. I say "had" because I do not know if there will be a surplus going forward.
The numbers that define the US-Brazil trade partnership (July 2025)
www.atlanticcouncil.org
... Looking at US trade in goods data, the United States has a trade surplus with Brazil. But even more importantly, Brazil has the highest US trade surplus among emerging economies, as evidenced by the 2024 trade data among Group of Twenty (G20) economies. ...
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